Germany skirts recession at the end of 2023 but faces prolonged slump
Europe’s largest economy contracted by 0.3% year-on-year in 2023, as high inflation and firm interest rates bit into growth, the Federal Statistical…
Wholesale prices unexpectedly fall 0.1% in December in positive inflation sign
Wholesale prices unexpectedly declined in December, providing a positive signal for inflation, the Labor Department reported Friday. The producer price…
U.S. deficit tops half a trillion dollars in the first quarter of fiscal year
The U.S. government ran up another half a trillion dollars in red ink in the first quarter of its fiscal…
Consumer prices rose 0.3% in December, higher than expected, pushing the annual rate to 3.4%
Prices that consumers pay for a variety of goods and services rose more than expected in December, according to a…
Shipping boss says ongoing Red Sea disruption could have ‘significant consequences’ for global growth
Ongoing disruption to trade flows through the Red Sea could hit global economic growth, the head of one of the…
Turkish lira hits fresh record low against the U.S. dollar
The Turkish lira hit a fresh record low against the U.S. dollar on Thursday, trading at 30.005 to the greenback…
Thursday’s inflation report could challenge the market outlook for big Fed rate cuts
Economists expect that inflation nudged higher in December, a trend that could call into question the market’s eager anticipation that…
Consumer spending rises in December to end solid holiday season, CNBC/NRF Retail Monitor shows
Retailers chalked up solid gains in the final month to wrap up the holiday season, according to the CNBC/NRF Retail…
Saudi Arabia nearly doubles estimate for the value of its mineral resources
Saudi Arabia nearly doubled the estimate for the value of its mineral resources and is seeing lucrative deals signed during…
Top Goldman Sachs analyst says the world is moving into a new super cycle
The global economy is moving into a new “super cycle,” with artificial intelligence and decarbonization being driving factors, according to…
